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CnEVPost Newsletter: BYD, Tesla top winners under China's 'dual credit' policy
BYD, Tesla top winners under China's 'dual credit' policy - CnEVPost — cnevpost.com BYD and Tesla have earned 1.66 million credits and 1.4 million credits in 2021, valued at about RMB 3.46 billion and RMB 2.93 billion, respectively.
NIO App now has 400,000 daily active users - CnEVPost For an app of this user size, it can be considered good media even compared to the automotive industry vertical, according to NIO's president.
Chinese EV trio's stocks fall in Hong Kong as overall market declines - CnEVPost In the meantime, stocks in the NEV industry chain in China's A-share market soared, with Gotion High-tech up 7.26 percent and CATL up 4.86 percent.
Great Wall Motor, Huawei execs clash over extended-range technology - CnEVPost Huawei's Richard Yu says extended-range technology is the most appropriate solution available right now; Great Wall Motor's Wey brand CEO executive disagrees.
Evergrande's Hengchi 5 goes on pre-sale for about $26,690 - CnEVPost The Hengchi 5 offers a competitive price, though a question mark remains as to whether consumers will buy it, given Evergrande's debt concerns.
JAC posts 18,126 EV sales in June, up 27 percent from May - CnEVPost Although JAC did not specify, its EV sales should include NIO vehicles that it manufactures on its behalf.
SAIC sells 91,297 NEVs in June, up 27% from May - CnEVPost In June, SAIC's NEV sales accounted for 18.88 percent of total sales. The company aims to increase that share to at least 32 percent by 2025.
China issues measures to expand auto consumption, hints at extension of NEV purchase tax exemption - CnEVPost The first of the measures, developed by 17 government departments, is to support the purchase and use of NEVs.